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Binance complaint: Binance Smart Chain

Open 526 views Crypto / DeFi / Blockchain
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Filed 1 Jan 2021 by Bill

Binance has 4 or 5 options on how to send ETH to Coinbase. They display the amount it will cost you for the transaction, so naturally you want the lower fee. Only 2 of the options will recognize the wallet you’re trying to send too… 1. Binance Smart Chain 2. Ethereum Network. The price cost difference per transaction is substantial, BSC is about .15 cents per thousand and EN is around $7 per thousand. So naturally you’ll will pick the cheaper option. There are no warnings about the risks of sending through their smart chain, a message just asks you if you’re sure you want to use it. It allows you to enter your wallet address, shows it’s compatible, and allows you to make the transfer. The coins go through and disappear. This is because Coinbase does not support BSC, but that information is not available on their website.

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